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“Even now there is no covered bond law. We had to rely on the existing ABS laws and try to structure it to meet those rules” In Hye Weon, Kookmin |
Korea’s Kookmin Bank, along with bookrunners HSBC and Citi, has pulled off a counter-intuitive bond issue that has the region’s bankers buzzing with chatter. And they say there is the likelihood of more to come from the same source. It’s good news in a region desperate for some.
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